Rex Schrader inducted into Auctioneers Hall of Fame

COLUMBIA CITY, Ind., July 16, 2014 /PRNewswire/ -- Rex Schrader, longtime president of Schrader Real Estate and Auction Company, received the auction industry's highest recognition last week, when he was inducted into the National Auctioneers Hall of Fame.

Schrader received the honor at the National Auctioneers Association's annual Conference & Show in Louisville, Ky. Hundreds of fellow auctioneers rose for an extended ovation as he took the stage after fellow Hall of Fame member Dennis Kruse reviewed his long career.

Reflecting on the moment later, Kruse said "It was a real honor to introduce my longtime friend, because nobody in the industry is held in higher esteem. Rex is universally recognized as a pioneer whose innovations fundamentally changed the way land is sold at auction in this country.

"Over the years, he built a company that is known not only for its marketing success, but for the integrity and professionalism that reflect his own character," said Kruse.

"I'm really overcome with gratitude, not just for the great honor of being recognized by my peers, but for the large number of family, friends and associates who traveled many miles to share the moment with my family and me. I am especially indebted to my wife, Lori, and my partners, R.D. Schrader and Gene Klingaman, as well as our wonderful employees and associates," said Schrader. Also named to the Hall of Fame were Bill Sheridan, of Sheridan Realty & Auction Company, Mason, Michigan, and Tommy Rowell, president of Rowell Auctions, Moultrie, Ga.

The Hall of Fame was established in 1961.

Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of agricultural land throughout the United States and is a four-time USA Today/National Auctioneers Association Auction of the Year Winner, as well as a two-time winner of the Grand Champion Marketing Award of Excellence. Individuals seeking additional information may visit www.schraderauction.com or call 800-451-2701.